Apple Gets Sharp To Devote An Entire Plant For Itself
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Tue, May. 27, 3:54 PM
- Renesas (RNECF) plans to sell its 55% stake in iPhone LCD driver IC supplier Renesas SP Drivers to Synaptics (SYNA +2.2%), Reuters reports.
- Apple (AAPL +1.9%), which already develops its own app processors and fingerprint sensors, was previously reported to be interested in buying the stake for $479M. Reuters' sources state the talks failed to make progress.
- Sharp (SHCAY) is expected to sell its 25% stake in the unit after Renesas makes its move. Renesas SP's LCD drivers stand to complement Synaptics' touchscreen controller and fingerprint sensor offerings for mobile OEMs.
- Renesas SP had revenue of $575M in the fiscal year ending March 31. Syanptics is expected to post FY14 (ends in June) revenue of $918M.
Tue, Apr. 1, 3:58 PM
- The Nikkei reports Apple (AAPL +0.9%) is in talks with Renesas (RNECF) to buy its 55% stake in iPhone LCD driver IC supplier Renesas SP Drivers, and is looking to acquire it for ¥50B ($479M).
- Sharp (SHCAY) owns 25% of Renesas SP, and Taiwan's Powerchip 20%. Sharp is expected to sell its stake to Apple if the company asks for a a deal after buying Renesas' interest.
- Apple, which already develops its own app processors and fingerprint sensors, reportedly "wants to meld the design of core display components into overall product development."
- A deal could be a positive for Himax (HIMX +3.9%) and MagnaChip (MX -0.6%), given Renesas SP's other clients would start looking for alternative LCD driver suppliers. Renesas SP has an estimated ~33% share of the market for small and mid-sized LCD drivers/controllers. It had revenue of ¥60B ($575M) during the fiscal year ending March 31.
- Earlier: 4.7" iPhone LCD production reportedly set to start
Fri, Mar. 28, 4:06 PM
- The Nikkei reports Sharp (SHCAY) will ramp LCD production for the iPhone 6 (AAPL -0.1%) as soon as Q2, and that fingerprint sensor and LCD driver chip production for Apple's next-gen flagship has already begun.
- The paper adds the iPhone 6 might launch in September (no surprise), and that it will likely be offered in 4.7" and 5.5" models (matches other reports). The WSJ reported in January Apple plans to launch two larger iPhones in 2H14, but added the smaller of the two devices is further along in development.
- Pac Crest upgraded Apple earlier this month on iPhone 6 hopes, arguing a larger iPhone could boost Apple's ASP. The firm later stated initial iPhone 6 component orders imply a positive bias to its prior unit forecasts.
- Many bulls are predicting the iPhone 6 will help Apple win back share, particularly in European/Asian markets where consumers have strongly embraced large-screen Android phones.
- Earlier: Apple reportedly looking to expand sapphire facility
Mon, Jan. 6, 4:04 PM
- A Chinese site reports (translation) Samsung is having trouble mass-producing Super AMOLED displays featuring 2K (2560x1440) resolutions for the Galaxy S5, and has thus decided to have its next-gen flagship phone use Sharp (SHCAY) LCDs.
- Universal Display (OLED -2.4%), which gets over half its revenue from Samsung, sold off in afternoon trading thanks to the report. The relatively moderate size of the drop suggests investors have their doubts about the report.
- Ramping sales to Samsung - particularly sales of green host/emitter materials for the Galaxy S4 and other high-end Samsung smartphones - allowed Universal to post triple-digit materials revenue growth in Q3.
- Samsung announced in November it plans to launch phones with 2K displays in 2014, and phones with 4K displays in 2015. There's plenty of skepticism regarding the practical value of placing such high-res displays on smartphones.
Nov. 21, 2013, 2:51 PM| Comment!
Nov. 20, 2013, 9:49 AM
- Reuters and Bloomberg both report H-P (HPQ +0.3%) and Sharp (SHCAY) may strike an OEM deal through which the latter will make copiers under the former's brand. Reuters adds deliveries to H-P could begin in Sharp's FY14 (ends March '14).
- H-P's enormous commercial printing market reach could allow it to resell large volumes of Sharp copiers. That, in turn, could be a negative for copying giant Xerox (XRX -1.2%), which is off moderately in early trading.
- The reports come ahead of H-P's Nov. 26 FQ4 report, and at a time when the IT giant's printing sales have been pressured by the growing popularity of digital document/photo-sharing. H-P's printing revenue fell 4% Y/Y in FQ3.
- Sharp shares rose 7.6% in Tokyo.
Oct. 2, 2013, 9:44 AM
- Reuters reports the retina iPad Mini (AAPL -0.5%) "could be available in only limited quantities this year, if at all," thanks to display manufacturing challenges.
- Sources say Apple's supply chain is just beginning to gear up to make displays for the tablet, and that Apple delayed certifying display manufacturers; LG Display (LPL), Samsung Display, and Sharp (SHCAY.PK) reportedly competed to supply panels.
- Bloomberg previously reported a retina Mini and 5th-gen iPad would arrive this year, and the WSJ reported "mass production" of a retina Mini would start in Q4. Reuters' report comes as Amazon rolls out new Kindle Fires with high-res displays, and a couple months after Google rolled out a second-gen Nexus 7 with a high-res display to good reviews.
- Separately, Apple has hired Jean-Francois Mule, once an SVP for cable TV R&D consortium CableLabs, to be an engineering director. That's boosting speculation the company is working on set-tops that provide direct access to pay-TV content.
- Previous: Apple/Time Warner Cable report, talks with media giants
Sep. 18, 2013, 4:12 AM
- Sharp (SHCAF.PK) intends to raise up to 166.5B yen ($1.68B) through a public offering of shares and via third-party placements in a move that will bolster the finances of the electronics company, which has been trying to recover from a severe crisis for over a year.
- Sharp also increased its guidance for FH1, saying it expects an operating profit of ¥30B vs a prior forecast of ¥15B and a loss of ¥168.90B a year earlier.
- The fundraising adds to investments that Sharp has received from Samsung and Qualcomm.
Aug. 30, 2013, 10:56 AM| Comment!
Aug. 28, 2013, 3:46 PM
- Sharp (SHCAY.PK -0.8%) ends talks with Samsung to create a copier joint venture, according to Kyodo.
- The decision comes as Japanese firms like Canon have opposed the move due to concerns that key technology would fall into the hands of Samsung. The potential JV was a diet version of Samsung's original intent. The Korean giant's offer to acquire Sharp's copier business was rebuffed in March.
Aug. 1, 2013, 9:37 AM
- "Mass production" of an iPad Mini (AAPL +0.9%) sporting a retina display made by Samsung (SSNLF.PK), Sharp (SHCAY.PK), and LG Display (LPL) will reportedly start in Q4. No word on whether the device will also launch in the quarter, or in Q1 2014, as others (I, II) have suggested.
- 9to5 Mac just reported iOS 7 SDK code indicates a non-retina Mini is also on tap. Will Apple offer a non-retina model for less than $300 to take on cheaper, share-gaining, 7" Android tablets?
- Recent reports have also indicated Apple, in spite of its obvious differences with Samsung, plans to continue using the company as a chip foundry partner (along with TSMC), and will rely on it to supply thin LCD glass.
- AU Optronics (AUO +3%), which (together with LG Display) supplies LCDs for the current Mini, reportedly won't be a retina Mini supplier.
- Previous: Misek hikes PT to $540
Jul. 19, 2013, 4:22 AMSharp (SHCAF.PK) reportedly plans to raise ¥100B ($1B) by the end of the year through a public offering of ¥90B worth of shares and a sale of ¥10B in stock to housing appliance maker Lixil Group. Sharp, which is a major supplier to Apple for its iPhones but has faced serious financial difficulties over the past year, has approached other companies about investing also. Those who already have include Samsung and Qualcomm. | Comment!
Jun. 27, 2013, 7:10 AM
Jun. 11, 2013, 10:08 PM
Jun. 7, 2013, 4:44 PMQualcomm (QCOM) will finally make the second half of its staggered $120M investment in Sharp (SHCAY.PK), buying ¥6B ($62M) worth of shares in the TV/display panel maker after delaying the move in March due to Sharp's failure to make sufficient progress towards producing mobile LCDs based on Sharp's IGZO tech that the companies are jointly developing. Qualcomm, set to own 3.5% of Sharp, is undoubtedly interested in seeing high-res IGZO displays propel demand for its Snapdragon processors. | 1 Comment
May. 16, 2013, 9:19 PMJapanese stocks take their cue for their U.S. counterparts to trade lower today. The Nikkei Average is down 0.9% to 14,909.21. Tech-sector blue chips were among the leading decliners: Advantest (ATE -2.9%), Pioneer (PNCOY.PK -4.9%), Sony (SNE -3%) and Nintendo (NTDOY.PK -1.9%). lower. Other blue-chip losers Nomura (NMR -2%) and Sharp (SHCAY.PK -4%). | Comment!
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Sharp and its subsidiaries are engaged in the manufacture and sale of consumer/information products and electronic components. Co.'s principal business segments are electronics equipment and electronics parts. Co.'s products include LCD color TVs, high vision TVsl color TVs, TV/VCR combos, DVD... More
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